#United States #Clean Energy #Tax Credits #Fairmont #T&H Farms

T&H Farms Successfully Sells Tax Credits from Solar Agrivoltaics Project

T&H Farms, a cherished family-owned agricultural business based in Fairmont, North Carolina, has recently announced the successful completion of a significant transaction involving clean energy tax credits. The sale was made possible through the implementation of a rooftop solar installation on the farm's poultry houses. This initiative not only represents a major step towards sustainability for the farm but also exemplifies how agriculture can embrace renewable energy solutions.

In a statement released on July 30, 2025, T&H Farms highlighted the pivotal role of Concentro in facilitating the sale. Concentro is known for its innovative approach to supporting clean energy developers in monetizing tax credits, particularly for distributed generation assets. The firm was responsible for sourcing a corporate buyer for the tax credits and providing detailed due diligence and legal support throughout the process, ensuring a smooth transaction.

The solar installation, featuring a capacity of 590 kW, is expected to yield substantial energy savings for the farm, significantly aiding the third-generation farmers who manage the property. The project was developed by RED Renewables, a firm recognized for its expertise in agricultural solar energy development. The funding for this initiative was bolstered by additional support in the form of a grant from the U.S. Department of Agriculture's Rural Energy for America Program (REAP), along with financial backing from Rabo AgriFinance.

Inigo Rengifo Melia, the CEO of Concentro, expressed pride in being part of this project. He stated, "We're proud to support agrivoltaics initiatives like T&H Farms that enable working farms to significantly reduce their energy bills through the adoption of clean energy. Tax credits, paired with REAP grants, present a powerful opportunity for many farms across the U.S. that are well equipped for co-locating solar energy systems without altering land use. With REAP grants covering up to 50% of project costs and tax credits making up 30-40%, farms can invest in solar solutions with minimal upfront costs."

Logan Hoffner, one of the farm's owners, commented on the benefits of the solar project, saying, "This solar project helps us offset rising energy costs and gives us the flexibility to pursue additional initiatives that enhance the quality and efficiency of our operations. Our responsibility towards the natural resources we manage not only aids our business today but also paves the way for a more sustainable operation for future generations. We're thankful to our partners for their hard work in making this project a success."

The successful sale and installation of the solar energy system at T&H Farms reflect a growing trend within the agricultural sector to adopt clean energy solutions. This movement is vital for fostering environmental stewardship while simultaneously improving the financial viability of farms. By leveraging tax credits and federal grants, farmers are increasingly discovering ways to invest in renewable energy without bearing the full financial burden.

Concentro stands out as a crucial ally for clean energy developers, streamlining the process of accessing tax credits through a comprehensive management approach that covers everything from due diligence to providing insurance support. With over $1 billion in credits from more than 100 development partners, their commitment to facilitating renewable energy projects is paving the way for businesses to embrace sustainable practices.

As the agricultural sector continues to explore innovative energy solutions, the example set by T&H Farms serves as a potent reminder of the possibilities associated with clean energy adoption. It not only reduces operational costs but also promotes a legacy of sustainability that can benefit generations to come. The success of this solar agrivoltaics project could inspire similar initiatives across the United States, reinforcing the importance of renewable energy within the agricultural community and beyond.